What caused the profit decline?

An ₹80 lakhs provision for an old rental deposit. That single charge pushed net profit down to ₹270 lakhs from ₹383 lakhs.

Are these results a surprise?

No. The analyst rationale describes the filing as a routine annual disclosure. The profit decline and provision are not flagged as unexpected.

What else did the board approve?

A whole-time director appointment and a preference share redemption that had already been announced. Both are routine corporate actions.

Earnings · Finance - NBFC · Micro cap

Hybrid Financial's profit falls 30% after ₹80 lakh rental provision

FY26 net profit fell to ₹270 lakhs, with a legacy rental deposit charge accounting for the bulk of the decline.

— 1 earlier story on Hybrid Financial Services Ltd. →

HYBRIDFIN By Tipsheet Editorial 21 May 2026 · 1:00 PM IST Verify on BSE · NSE

Mkt cap₹64.41 cr

P/E20.08×

ROE9.79%

Debt / eq.0.04

₹80 lakhs Provision for an old rental deposit that drove the profit decline.

What's new

FY26 net profit fell to ₹270 lakhs from ₹383 lakhs, a 30% drop.
An ₹80 lakhs provision for a legacy rental deposit was the key charge.
Board also approved a routine whole-time director appointment and a previously intimated preference share redemption.

Why this matters

The ₹80 lakhs provision alone accounts for more than the entire profit decline. For a nano-cap, such one-off charges can distort annual comparisons. The rest of the filing is procedural.

What we're watching

Whether the rental deposit provision fully writes off the liability or spills into FY27.
FY27 profit trajectory without the legacy charge.

The full read

Hybrid Financial Services posted FY26 net profit of ₹270 lakhs, down 30% from ₹383 lakhs a year earlier. The decline is almost entirely explained by a single line: an ₹80 lakhs provision for a legacy rental deposit. The filing is a standard annual disclosure. A preference share redemption already flagged was also covered. The rest is procedural. The profit drop is one-off. Nothing else moves the needle.

Questions answered

What caused the profit decline?: An ₹80 lakhs provision for an old rental deposit. That single charge pushed net profit down to ₹270 lakhs from ₹383 lakhs.
Are these results a surprise?: No. The analyst rationale describes the filing as a routine annual disclosure. The profit decline and provision are not flagged as unexpected.
What else did the board approve?: A whole-time director appointment and a preference share redemption that had already been announced. Both are routine corporate actions.

Mentioned: Hybrid Financial Services Ltd. · ₹80 lakhs provision · March 2026

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Hybrid Financial Services Ltd.

NBFC

₹57 cr

P/E 17.80×

Latest quarter · Sep 2025

Total income₹2 cr

Net profit₹1 cr

Net margin+71.4%

EPS₹0.37

Leverage & growth

Debt / equity0.04×

Sales CAGR+21.3%

Story so far

All notes on HYBRIDFIN →

21 May 2026 · 1:00 PM IST Hybrid Financial's profit falls 30% after ₹80 lakh rental provision
46d ago Hybrid Financial profit slips as ₹80 lakh rental provision hits